Buying a piece of fine jewelry like an engagement ring or a necklace can be both an exciting and a daunting prospect. Choosing the perfect piece of jewelry requires careful consideration of design elements, metal options, and precious stones. You also need to consider how much the piece is worth, as it could be a big financial investment.
A lot of people assume their homeowners’ or renters’ insurance policies cover the loss of their valuable jewelry, but the coverage is often limited. Most insurers only reimburse up to $1,500 per item, which is often not enough to replace a high-value piece. Furthermore, the deductibles for these policies are usually high, forcing you to pay out of pocket before getting your jewelry back.
Discover the Best Jewelry Store in La Habra, CA
Jewelry insurance, on the other hand, Jewelry Store In La Habra, CA offers far more comprehensive coverage than a traditional homeowners’ or renters’ insurance policy. With the help of a jewelry-specific insurer, you can receive up to 125% of your jewelry’s insured value if it is lost or stolen. In addition, many jewelry-specific insurers do not require a deductible and can automatically update the value of your pieces each year.
If you’re thinking of purchasing a jewelry piece from a local pawn shop, it’s important to make sure you are dealing with a reputable and trusted merchant. You should look for a seller who provides a risk-free purchase, certificates from recognized gemological institutes (GIA, IGI, and GRA), free shipping, and easy returns. Moreover, they should be a member of the Better Business Bureau (BBB).…